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Tianfeng: Baijiu is expected to perform steadily, while the consumer goods sector is迎来投机会.
Tianfeng released a Research Report stating that the performance of Baijiu during the May Day banquet scene is positive, and it is recommended to pay attention to the valuation recovery opportunities brought by subsequent Consumer stimulus policies.
Citi has raised its target for the Hang Seng Index to 25,000 points by the end of the year, favoring local stocks while avoiding uncertainty related to tariffs.
According to a Citibank report, the mainland government aims to shift domestic economic growth towards being more consumer-led rather than investment-led, and appears to be responding firmly to USA trade policies, while also showing openness to discussion. The bank prefers domestic related stocks to avoid uncertainty from rising trade tariffs. It anticipates moderate government stimulus policies to boost the local economy, which may be more relevant to Consumer, Internet, resources, and Technology Industries. The bank believes that the stock markets in the mainland and Hong Kong do not seem expensive and are slightly below historical averages, thus maintaining a constructive outlook. The bank has upgraded the Consumer Industry to 'Shareholding' and prefers domestic stocks, and hopes
Daiwa has raised U-PRESID CHINA (00220.HK) Target Price to 10 yuan and reiterated the "Buy" rating.
Daiwa published a report stating that U-PRESID CHINA (00220.HK) achieved a 32% profit growth in the first quarter compared to the same period last year, in line with the bank's forecast but significantly higher than the market's expectation of a 14% growth for the first half of this year. The bank noted that the company's growth is notably better than Kangshifu (00322.HK), which may record a year-on-year decline in revenue for the first quarter. Therefore, the rating for U-PRESID CHINA is reiterated as 'Buy' due to its rapid increase in market share and strong performance of new products. The Target Price is raised from 9.7 yuan to 10 yuan.
Tingyi Announces Key Supply and Logistics Agreements
TINGYI: 2024 Annual Report
Morgan Stanley has listed the stocks in each Sector of the MSCI Chinese Index that have had their earnings forecasts raised the most this year (table).
JPMorgan released a report on the Chinese market, listing the top five stocks in the MSCI Chinese Index with the highest upward revisions in earnings forecasts for the next twelve months (FTM, Forward Twelve Months) year-to-date (YTD) (negative changes are excluded): Stock │ Forecast Change in Earnings Per Share for the Next Twelve Months (FTM) (1) Communications Services CHINA RUYI (00136.HK) │ +24% KINGSOFT (03888.HK) │ +10% Tencent Music (TME.US) │ +10% Bilibili-W (09626.HK) │ +8%
